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    PM urges farmers to adopt 'chemical-free farming' to tap rising global demand for such food items
    Govt rolls out foreign asset disclosure scheme for small taxpayers
    Need one or two Indian pharma firms to be among global top 5: PM Modi
    Small taxpayers with€™ foreign assets to face 30 pc tax plus penalty; disclosure scheme opens till Dec 31
    PM urges MSMEs to tap opportunities from FTAs
    Govt cuts windfall gains tax on petrol, diesel, ATF exports
    Modi warns of weaponisation of resources, sea routes; urges energy self-reliance
    Current account deficit widens to USD 6.2 bn in Jun: RBI data
    Concessional swap facility attracts USD 56.85 bn forex inflows: RBI
    DFS Highlights Mechanism for Timely Redressal of Insurance Policyholders’ Grievances
    Forex kitty jumps USD 14.14 bn to USD 707 bn in one of the biggest weekly expansions
    PROVISIONAL ESTIMATES OF WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF JULY 2026, AND FINA...
    Logistics Data Bank Tracks 10 Crore EXIM Containers, Provides Visibility across Logistics Chain
    APEDA and Government of Tripura Organise International Organic Buyer-Seller Meet to Expand Global Market Linkages
    WPI inflation eases to 9.78 pc in July on softening in fuel prices
    IDFC FIRST Bank secures its first international rating with Investment Grade from S&P Global Ratings
    DRI busts illegal drug manufacturing facility in Jewar, UP; 30 kg drugs seized and two persons arrested
    UCO Bank launches IFSC Banking Unit at GIFT City
    Banking sector has key role to play as India on way to become 3rd largest economy: Gujarat CM
    India's exports to US rise 12.85 pc in Jul; shipments to China jump 64.57 pc: Govt data
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    August 15, 2026
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    Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
    Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
    August 15, 2026
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    Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
    FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
    August 15, 2026
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    Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
    Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
    August 15, 2026
    Show AI Summary
    Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
    FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
    August 15, 2026
    Show AI Summary
    Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
    Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.
    August 15, 2026
    Show AI Summary
    Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
    Special additional excise duty (windfall gains tax) on exports of petrol, diesel and aviation turbine fuel was reduced from 15 August 2026. Petrol export duty was reduced to nil, and export-duty rates on diesel and ATF were lowered. Duty rates for petrol and diesel cleared for domestic consumption remained unchanged. The export-duty framework seeks to maintain domestic petroleum-product availability and limit export advantages arising from higher global crude oil prices amid West Asia tensions.
    August 15, 2026
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    Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
    Energy security policy seeks to reduce exposure to geopolitical pressure and supply disruption caused by dependence on overseas fuel and strategic maritime routes. India is diversifying crude oil and LNG sourcing while strengthening domestic hydrocarbon production through offshore exploration, seismic surveys, exploratory drilling and shared infrastructure. Expanded access to sedimentary basins is intended to unlock domestic oil and gas resources. Wider piped natural gas coverage, solar generation, critical-mineral exploration, and nuclear and other non-fossil energy sources support the broader objective of energy self-reliance.
    August 14, 2026
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    Current account deficit widened as merchandise trade imbalance expanded, despite stronger services surplus, transfers, and positive capital inflows.
    India's current account deficit widened in June 2026, principally because merchandise imports increased faster than exports and expanded the merchandise trade deficit. A higher services surplus, increased net transfers and a narrower net income deficit provided partial offsets. Net capital inflows, including foreign direct investment and foreign portfolio investment, supported a positive overall monthly balance. During the April-June quarter, despite increased services surplus and net transfers, the overall balance shifted to a deficit as the merchandise trade deficit widened.
    August 14, 2026
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    Concessional foreign-currency swap facility closes early for new FCNR(B) deposits while ECB and OFCB access remains available.
    The concessional swap facility for FCNR(B) deposits encourages foreign-currency inflows and supports foreign-exchange liquidity. New FCNR(B) deposits eligible for the facility must be mobilised by 31 August 2026, while swaps for eligible deposits may be availed until 11 September 2026. The swap arrangement for External Commercial Borrowings and Overseas Foreign Currency Borrowings remains available until 31 December 2026.
    August 14, 2026
    Show AI Summary
    Insurance grievance redressal requires initial insurer complaint, prompt acknowledgement, and escalation through integrated monitoring channels when resolution remains unsatisfactory.
    Insurance policyholder grievances must first be raised with the concerned insurer, whose Grievance Redressal Officer and Board-level monitoring committee oversee redressal. Complaints received through digital channels, correspondence or call centres are recorded in the insurer's Complaints Management System, integrated with Bima Bharosa. Insurers must acknowledge complaints immediately and resolve them within 14 days. Where no response is received within a reasonable period or the response is unsatisfactory, policyholders may escalate through Bima Bharosa or designated helplines, email or physical correspondence.
    August 14, 2026
    Show AI Summary
    Foreign exchange reserve growth reflects increases in foreign currency assets, gold holdings, special drawing rights, and IMF reserve position.
    India's foreign exchange reserves rose to USD 707.002 billion for the week ended 7 August 2026. The increase comprised higher foreign currency assets, gold reserves, special drawing rights and the reserve position with the IMF. Foreign currency asset valuation incorporates appreciation or depreciation of non-US currencies held in reserve assets. Measures including the FCNR(B) scheme were introduced to attract additional foreign exchange inflows.
    August 14, 2026
    Show AI Summary
    Wholesale and producer price indices show July inflation movements, provisional estimates, final revisions, and manufacturing input-price trends.
    Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index estimates under the 2022-23 base-year series set out provisional July 2026 measures and final May 2026 revisions. All-commodities WPI stood at 110.0 in July 2026, with year-on-year inflation of 9.78 per cent. The all-commodities Output PPI was unchanged at 109.9, while the trial Input PPI for manufacturing was provisionally estimated at 105.9. Final May WPI, Output PPI and trial Input PPI measures were revised from their respective provisional estimates.
    August 14, 2026
    Show AI Summary
    Logistics data visibility enables EXIM container tracking, operational analytics and multimodal shipment monitoring across India's logistics chain.
    Logistics Data Bank provides near real-time visibility of India's EXIM container movement through technology-based tracking and stakeholder monitoring tools. RFID-based coverage extends across ports, terminals, inland logistics facilities, rail networks, industrial zones, borders and highways. The platform uses RFID, Internet of Things, Big Data and Cloud technologies, with analytics on dwell time, transit time, and port and terminal performance to identify logistics bottlenecks. LDB 2.0 adds high-seas tracking of export containers and multimodal shipment visibility.
    August 14, 2026
    Show AI Summary
    International organic buyer-seller linkages support Tripura producers through direct sourcing engagement, market access and sustainable export opportunities.
    International Organic Buyer-Seller Meet in Tripura created a direct platform for organic producers, Farmer Producer Organisations, exporters and international buyers to explore sourcing opportunities, market requirements and long-term commercial linkages. Organic and naturally produced goods, including Queen Pineapple, GI-tagged Kalikhasa Rice, organic ginger and turmeric, black sesame, jackfruit and scented lemon, were showcased through product displays and producer interactions. The initiative seeks to strengthen global market access, sourcing partnerships and income opportunities for organic farmers.
    August 14, 2026
    Show AI Summary
    Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
    Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.
    August 14, 2026
    Show AI Summary
    International investment-grade issuer ratings support expanded foreign-currency funding, trade finance, correspondent banking and cross-border financial market access.
    IDFC FIRST Bank's inaugural international investment-grade issuer credit ratings, with a stable outlook, are expected to improve access to international funding markets and global financial counterparties. The rating is intended to support standby letter of credit lines, foreign-currency funding through its GIFT City International Banking Unit, mobilisation of FCNR(B) deposits, correspondent banking relationships and cross-border trade finance. Strong capitalisation, improving profitability, stable asset quality and a granular retail funding profile underpin the outlook.
    August 14, 2026
    Show AI Summary
    Clandestine psychotropic drug manufacturing faces enforcement targeting precursor chemicals, concealed laboratories, illicit production networks and trafficking operations.
    Enforcement action against clandestine manufacture of psychotropic substances led to the detection of a residential drug-production facility. Searches recovered amphetamine and intermediary forms, precursor chemicals, reagents, raw materials, and manufacturing equipment. Field testing indicated the presence of amphetamine, a psychotropic substance regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985. The recovered apparatus and materials indicated illicit manufacture, while preliminary investigation pointed to short-term, intermittently operated facilities intended to conceal production activities.
    August 13, 2026
    Show AI Summary
    International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
    UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
    August 13, 2026
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    Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
    Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.
    August 13, 2026
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    Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
    India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.

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      Prepare for elections for five years, not six months or a year: Kharge to Congress district chiefs

      April 4, 2025

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      New Delhi, Apr 4 (PTI) Congress president Mallikarjun Kharge on Friday impressed upon the party's district unit chiefs to prepare for elections for five years and not just six months or a year.

      He also urged them to make all efforts to prevent tampering with voters' lists.

      Calling on Congress workers and leaders to raise issues of the people, Kharge said former party chief Rahul Gandhi had built a 'muhim (campaign)' through the Bharat Jodo Yatra before the last Lok Sabha elections and stressed that "we have to put build such a 'muhim' again".

      Kharge, former party chief Gandhi, and All India Congress Committee (AICC) general secretary in-charge organisation KC Venugopal, among others, attended the District Pradesh Congress Committee (DCC) presidents' meet.

      The meeting at Indira Gandhi Bhawan was attended by 302 DCC presidents from Assam, West Bengal, Bihar, Jharkhand, Uttar Pradesh, Uttarakhand, Jammu and Kashmir, and Ladakh. The party's state unit chiefs and AICC in-charges of these states and Union territories were also present.

      Kharge told the DCC presidents to prepare strongly for the upcoming assembly polls within the next couple of years.

      He asserted that the growing communalism and hate campaign was the "biggest challenge" and said party leaders had to fight it in the same way the Congress did in 1947-48.

      In his opening remarks, Kharge also talked about the Budget Session of Parliament that ended on Friday and accused the government of following an agenda of communal polarisation while ignoring the issues that mattered to the people.

      "The government does not run Parliament till 4 o'clock in the night to debate on inflation, unemployment, economic failure or US tariffs. It conducts a debate on Manipur in the dark of night so that legislative work can be done secretly. Should the discussion on Manipur have been for only one hour?" Kharge said.

      With elections to be held in Bihar in September-October, leaders there have to start preparing with full vigour, he said.

      "There are elections in Assam, West Bengal next year. And in the year after that, there are elections in Uttar Pradesh and Uttarakhand. We have to enter these elections with full preparation and strength," Kharge asserted.

      "We have to continuously fight against the anti-people and anti-Constitution thinking of the BJP-RSS. We are fighting, inside and outside Parliament against them. We have to raise the issues of the people," he said and added, "Rahul (Gandhi) ji had built a 'muhim' through the Bharat Jodo Yatra before the last Lok Sabha elections. We have to build such a campaign again. His Save Constitution campaign had stopped the BJP from getting a majority." Noting that this year marked the centenary of Mahatma Gandhi becoming Congress president, Kharge said the party decided at its Belgaum convention to celebrate 2024-25 as "organisation empowerment" year.

      He recalled Mahatma Gandhi's words in 1931 at the roundtable conference in London when he had said that the Congress would sacrifice all other interests for the millions of hungry and poor people.

      "Gandhiji had actually said this for the villages, countryside, weak sections, voiceless people, whose voice the Congress became. The present government is against the rights of the poor, Dalits, tribals, backward people. Therefore, we need to fight more strongly," Kharge said.

      "I believe that we need to prepare for elections for a full five years. If someone thinks that they will prepare six months or one year before the elections, it is not right," he said.

      The most important link to take the Congress' ideas and programmes to the bottom is the district president, he asserted.

      "Today, the growing communalism and hate campaign is the biggest challenge. We have to fight this in the same way the Congress fought in 1947-48. In the last days of Gandhiji's life, a resolution was passed against communal organisations in the AICC meeting held from 15 to 17 November 1947," Kharge recalled.

      "Today, the situation is the same. Our biggest battle is with communal forces which are engaged in spreading poison within society. In the greed for power, a gulf is being dug even between people of the same religion, and brothers are being pitted against each other. We have the path shown by the Father of the Nation, Mahatma Gandhi, and our great leaders," Kharge said.

      Apart from this, Kharge said an eye must be kept on the election process and all efforts made to prevent tampering with voters' lists.

      "You work with honesty and diligence with your team. We will be with you. We are confident that all of you will carry our message forward. You will take it to the masses. You will take the work of organisation-building forward. You will work to make the Congress stronger," Kharge said.

      Briefing reporters after the meeting, Venugopal said a very fruitful and meaningful meeting with the DCC presidents was held. It was the third and final such meeting before the AICC session in Ahmedabad.

      The first meeting on March 26 was attended by 255 DCC presidents from Kerala, Karnataka, Tamil Nadu, Pondicherry, Lakshadweep, Telangana, Andhra Pradesh, Andaman and Nicobar Islands, Goa, Manipur, Nagaland, Mizoram, Tripura, Meghalaya, and Arunachal Pradesh.

      The second meeting on April 3 was attended by 305 DCC presidents from Maharashtra, Mumbai, Gujarat, Madhya Pradesh, Chhattisgarh, Rajasthan, Delhi, Punjab, and Chandigarh.

      In total, 862 DCC presidents have attended these meetings, Venugopal said.

      The major areas of discussion were centred around booth management and voter verification, party ideological training, media and social media campaigns, and asset and property management for party activities, he said.

      This type of meeting had not occurred in 20 years, marking a significant moment in the party's history, Venugopal added.

      "It was a direct interaction between the DCC presidents and the high command. We are now establishing a system for regular communication with DCC presidents," Venugopal said.

      Around 60 DCC presidents shared their views on strengthening the organisation and implementing changes, he said.

      "These issues were discussed in depth. I believe this meeting, held just before the AICC session in Gujarat, will provide valuable insights into our organisation's grassroots level. As we have said, our goal for 2025 is to establish a robust organisation structure," Venugopal said.

      He also informed that the AICC session's theme of "Nyaypath: Sankalp, Samarpan, and Sangharsh" would be the tagline for the session.

      "The event is scheduled to take place on April 8-9 at the Sabarmati riverbank in Ahmedabad. On April 8, the Extended Congress Working Committee will meet at the Sardar Vallabhbhai Patel Memorial. This year marks the 100th anniversary of Mahatma Gandhi's presidency and the 150th birth anniversary of Sardar Vallabhbhai Patel, both iconic figures born in Gujarat," he said.

      The Extended Working Committee meeting will be attended by Congress Working Committee members, permanent and special invitees, Pradesh Congress Committee presidents, Congress Legislature Party leaders, council leaders, Central Election Committee members, Congress Parliamentary Party officebearers, former chief ministers and deputy chief ministers, Venugopal said.

      Approximately 169 people will attend on the first day.

      On April 9, the AICC session will take place with around 1,725 elected AICC and co-opted members attending, along with MPs, ministers and other senior leaders, he said.

      Seeking to strengthen the party at the grassroots, the top Congress leadership has stressed that the DCCs would soon be given a lot of powers with which their responsibility, as well as accountability, would also increase.

      The party had also said the district units would be given more voice in selecting candidates for polls. PTI ASK ASK SZM SZM

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